CACI International Inc (CACI) Earnings
CACI International Inc is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $7.27. CACI has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +12.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $6.90 | $7.27 | +5.4% | $2.4B | +0.1% |
| Jan 21, 2026 | $6.41 | $6.81 | +6.2% | $2.2B | -5.9% |
| Oct 22, 2025 | $6.15 | $6.85 | +11.4% | $2.3B | +1.5% |
| Aug 6, 2025 | $6.55 | $8.40 | +28.2% | $2.3B | +0.5% |
| Apr 23, 2025 | $5.53 | $6.23 | +12.7% | $2.2B | -5.4% |
| Jan 23, 2025 | $5.25 | $5.95 | +13.3% | $2.1B | +2.9% |
| Oct 23, 2024 | $5.07 | $5.93 | +17.0% | $2.1B | +7.0% |
| Jan 24, 2024 | $4.44 | $4.36 | -1.8% | $1.8B | -0.4% |
| Oct 25, 2023 | $4.55 | $4.36 | -4.2% | $1.9B | +9.9% |
| Jan 25, 2023 | $4.39 | $4.28 | -2.5% | $1.6B | +2.9% |
| Oct 26, 2022 | $4.26 | $4.36 | +2.3% | $1.6B | +1.3% |
| Aug 10, 2022 | $4.54 | $4.54 | +0.0% | $1.6B | -0.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• CACI is a different company than before with a clear strategy operating in seven markets, focusing on enduring priorities, being a software-defined technology leader, investing ahead of customer need, and flexible capital deployment. • Third quarter results: Strong performance with $2.4 billion revenue, 12.3% EBITDA margin, $221 million free cash flow, and $2.2 billion awards. • Acquisition of ARCA: Brings space-based imaging sensor tech, agentic AI-based ground processing software, and deep customer relationships. Integrated with existing base portfolio. • National security focus: Proximity to mission gives advantage, involved in various operations, recent multi-year contract extensions. • Strategic investments: Spectral program for Navy's surface combatant ships, Merlin counter UAS system, strong positioning for Golden Dome with counter UAS, left-of-launch, and space-based sensing capabilities. • Macro environment: Constructive budgets and demand signals, right markets aligned to priorities.
Guidance
• Increased fiscal 26 revenue guidance to between $9.5 and $9.6 billion (10.1% to 11.3% growth, including ~3.5 points from acquisitions like ARCA). • Increased fiscal 26 EBITDA margin to 11.8% to 11.9% range, including impact of ~$22 million transaction costs. • Updated FY26 adjusted net income guidance between $615 and $630 million, adjusted EPS between $27.70 and $28.38 per share. • Reaffirmed free cash flow guidance of at least $725 million, 65% growth in free cash flow per share over FY25. • Third quarter book to bill 0.9 times, trailing 12-month book to bill 1.2 times. Trailing 12-month weighted average duration of awards over six years. Pipeline: More than $4 billion of bids under evaluation, expect to submit another $22 billion in bids over next two quarters with over 75% new business.
Segment performance
Revenue for the third quarter was $2.4 billion, up 8.5% year over year. EBITDA margin was 12.3%. Won $2.2 billion of awards. Revenue contribution details: Organic growth was 6.8%. ARCA acquisition added to the portfolio. Backlog: Total backlog of $33.4 billion increased 6% year-over-year, funded backlog increased 19% over the same period. ARCA has another $2 billion of non-competitive franchise programs.
Analyst Q&A
Q: Just with ARCA, can you scale how big your space exposure is today?
A: Definitely gotten larger, greater than a billion dollars worth of total business with future growth.
Q: On margins, with added ARCA, any framework on margin differences?
A: Not providing much specificity now, but addition of technology franchises leads to margin expansion, some lumpiness in margin.
Q: On booking environment, submits building but not converting to pipeline?
A: Continue to see excellent visibility, strong pipeline, constructive macro forecast. Awards are lumpy.
Q: Guidance implies growth accelerates in 4Q, early thoughts on exit rate into next year?
A: Growth accelerating in 4Q, business managed to year, strong second half and fourth quarter, but not extending into 27 as closing 26.
Q: Why Q4 sequential ramp, anything one time with contracts?
A: Programs have bimodal growth rate, customer communities heavier buyers in fourth quarter, early stages of activities driving future growth.
Q: How should we think about ARCA impacting margins forwards?
A: ARCA contribution in fourth quarter aligned with expectations, organic business mix softer in quarter.
Q: What type of directed energy capability does ARCA bring?
A: Portion of directed energy, new capability for CACI, more to come in quarters to come.
Q: On counter UAS, experience in war and impact on opportunities?
A: Already in government inventory, providing to armed services, active in international sales, strong market with increasing demand.
Q: On civil business, solid growth, what are drivers?
A: Modest DHS headwinds but NASA NCAPS ramp.
Q: Broader defense budget, extent programs benefit from base vs reconciliation?
A: Majority in base budget, reconciliation funding in Golden Dome, border security, etc.
Q: NASA and civil budget, puts and takes?
A: Successfully ramping NASA NCAPS program, driving cost savings, aligned with space business.
Q: Outlook for scalability of technologies like Spectral across customers and budget cycles?
A: Scalable, systems have bipartisan support, can scale forward with software capability.
Q: Combine ARCA and legacy CACI space portfolio for customer solutions?
A: Revenue synergies on ground processing, optical communication terminals, more to come.
Q: Large multi-year contracts in FY27?
A: Have multi-billion dollar jobs rumbling, some expected to be awarded in FY27, future re-competes extended